SDI lifts Q1 earnings outlook on strong steel and recycling margins

Steel Dynamics Inc. (SDI) expects a sharp jump in first-quarter earnings, driven by stronger steel and recycling margins, steady fabrication results, and continued progress at its aluminum mill.

The Fort Wayne, Ind.-based metals company said it expects significantly improved first-quarter 2026 earnings of $2.73 to $2.77 per diluted share, up from $1.82/share in the fourth quarter and $1.44/share a year earlier.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

Laura Miller

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